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March 9, 2023
Question

Do I have to report the sale of a second home on my federal form1040 and my state tax form, and if so, where?

  • March 9, 2023
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1 reply

March 9, 2023

Yes, you'll need to report the sale of your second home.  The transaction is considered to be the sale of an investment.

Please see the TurboTax Help article Where do I enter the sale of a second home, an inherited home, or land on my 2022 taxes? for entry guidance.